On 25 June 2015, the Malawi parliament adopted measures included in the Budget 2015/2016. The main tax-related measures of the Budget include:
- The taxation of deemed interest in respect of interest free loans in the hands of the lender;
- Setting the interest rate on tax debts at the central bank lending rate plus 5%; and
- Introducing a penalty of 20% on unpaid tax amounts due by non-residents
The measures have entered into force and apply from 1 July 2015.